SPAR Group Acquires Resource Plus, Expands U.S. Installation and Merchandising Services Businesses
January 11 2018 - 4:05PM
SPAR Group, Inc. (Nasdaq:SGRP), a leading supplier of retail
merchandising, business technology and other marketing services in
ten countries throughout North America, Latin America, Asia Pacific
and Africa, today announced that it is expanding its domestic
business by acquiring a 51% interest in Resource Plus, Inc., a
supplier of professional fixture installation and product
merchandising services; a 51% interest in Mobex of North Florida,
Inc., a proprietary retail fixture mobilization system
manufacturer; and a 51% interest in Leasex, LLC, a company formed
to lease Mobex’s proprietary equipment (collectively, "Resource
Plus").
Headquartered in Jacksonville, Florida, Resource
Plus provides a wide variety of services to U.S. retailers and
product manufacturers including customized weekly merchandising and
complex new store and retail fixture buildouts. With the
close of the acquisition, Resource Plus will run as a subsidiary of
SPAR Group. Richard Justus, will remain as CEO of Resource
Plus and continue to run the operations, as he has for the past 18
years.
Richard Justus, CEO of Resource Plus, said,
‘’Gaining SPAR as a partner will deliver new value-added
enhancements for our customers. SPAR’s proprietary retail
operating system SPARview, enables tighter operational controls to
provide faster, more efficient store execution along with enhanced
insight into retail conditions. Additionally, SPAR’s network
of more than 8,500 merchandising specialists expands our ability to
potentially accept more projects and accelerate program
execution.”
Chris Olivier, CEO of SPAR Group, said, ‘’The
skills, expertise and services added by Resource Plus align well
with the evolving needs of the retail landscape, particularly those
retailers that are adding new concepts and formats to revitalize
the overall shopper experience. Furthermore, Resource Plus offers
access to complementary channels and retail customers. Richard and
the Resource Plus team have exceptional expertise and operational
knowledge which will not only bring value to SPAR domestically, but
also to SPAR’s international operations.”
About Resource Plus
Resource Plus is a professional fixture
installation and product merchandising company. The Company’s
Professional Installation and Merchandising Services divisions
execute programs for a variety of retail clientele and all classes
of trade encompassing grocery, drug, department, furniture,
hardware, computer/office supply, electronic, specialty, hotels and
home improvement outlets. The Resource Plus Merchandising Services
Branch maintains a 30,000 square foot office, plan-o-gram and
warehouse facility located in Mooresville, North Carolina. The home
office facility in Jacksonville, Florida supports all divisions of
the company and also serves as the Installation Division
headquarters. Resource Plus also owns a 70% interest in BDA
Resource, LLC, a joint venture focused on installation of
store-within-a-store fixtures in domestic retail outlets.
About SPAR Group
SPAR Group, Inc. is a diversified international
merchandising and marketing services Company and provides a broad
array of services worldwide to help companies improve their sales,
operating efficiency and profits at retail locations. The Company
provides merchandising and other marketing services to
manufacturers, distributors and retailers worldwide, and
coordinates the operations through the use of multi-lingual
proprietary technology which drives the logistics, communication
and reporting for global operations and customers. SPAR works
primarily in mass merchandiser, office supply, grocery, drug,
dollar, independent, convenience, toy, home improvement and
electronics stores, as well as providing furniture and other
product assembly services, audit services, in-store events,
technology services and marketing research. The Company has
supplied these product services in the United States since certain
of its predecessors were formed in 1979 and internationally since
the Company acquired its first international subsidiary in Japan in
May 2001. Product services include restocking and adding new
products, removing spoiled or outdated products, resetting
categories "on the shelf" in accordance with client or store
schematics, confirming and replacing shelf tags, setting new sale
or promotional product displays and advertising, replenishing
kiosks, demonstrating or promoting a product, providing in-store
event staffing services and providing assembly services in stores,
homes and offices. Audit services include price audits, point of
sale audits, out of stock audits, intercept surveys and planogram
audits. Other merchandising services include whole store or
departmental product sets or resets (including new store openings),
new product launches, in-store demonstrations, special seasonal or
promotional merchandising, focused product support and product
recalls. The Company currently does business in 10 countries that
encompass approximately 50% of the total world population through
its operations in the United States, Australia, Brazil, Canada,
China, India, Japan, Mexico, South Africa and Turkey. For more
information, please visit the SPAR Group's website at
http://www.sparinc.com.
Company Contact:James R. SegretoChief Financial
OfficerSPAR Group, Inc.(914) 332-4100
Investor Contact: Dave MossbergThree Part
Advisors(817) 310-0051
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